Sale Of Membership Interest Agreement Template for South Africa

1. Regulatory Compliance: Required when transaction needs specific regulatory approvals (e.g., Competition Commission)

2. Exchange Control: Required when foreign parties are involved or cross-border elements exist

3. Security Arrangements: Required when payment terms include deferred payments or security provisions

4. Management and Operations: Required when transaction includes ongoing management arrangements

5. Earn-out Provisions: Required when purchase price includes performance-based components

6. Third Party Consents: Required when transaction requires consents from other members or third parties

7. Financing Arrangements: Required when purchase is subject to external financing

8. Employee Matters: Required when transaction impacts employment arrangements

1. Details of the Target Entity: Comprehensive information about the entity including registration details and financial statements

2. Membership Interest Details: Detailed description of the membership interest being transferred

3. Purchase Price Calculation: Detailed calculation methodology and adjustments

4. Warranties: Detailed warranties and disclosures against warranties

5. Required Consents: List of required third-party and regulatory consents

6. Completion Deliverables: List of documents and actions required at completion

7. Encumbrances: Details of any existing encumbrances on the membership interest

8. Related Party Contracts: List of contracts between target entity and related parties